Modern Water Share Discussion Threads

[tickboo] 20/10/2020 10:20

Unbelievable. The post has arrived and have several letters from HSBC (good in ISAs and normal account) re MWG and SNG. Boom.

[tickboo] 20/10/2020 10:09

Nice. HSBC took ages to recognise DVRG I assume because they are execution only. Anyway, I will get back in touch with them on Friday. I do not want to take any risks and want confirmation my shares have been transferred.

[judijudi] 20/10/2020 10:01

I got an email from the CA team explaining the situation and to reply to the email accepting or declining
I have just received another email from them acknowledging my acceptance vote

[tickboo] 20/10/2020 09:59

Is there a document they are looking at with votes attached. HSBC cannot get its head around there being no meeting or proxy with resolutions.

[judijudi] 20/10/2020 09:51

From my brokers corporate action team

The takeover will not go ahead unless the offer is declared unconditional in all respects. Unconditional in all respects means that DeepVerge has received acceptances from Shareholders for 75% of the shares in issue and all the other conditions of the offer have been fulfilled.

[aylesone] 20/10/2020 09:48

Where does it say that?

[onehanded] 20/10/2020 09:47

yes, at this rate only people holding large % shares will be management and they will vote yes but their shares are falling in value for when they though this was a good idea.... they are losing a lot of money daily.

[aylesone] 20/10/2020 09:31

Does the merger need 50% or 90% or vote?

[monkey puzzle] 20/10/2020 09:25

OH,

You could well be right, just seen 250k sell on MWG followed by a 25k buy on DVRG.

[judijudi] 20/10/2020 09:04

Red and Bent a doddle

[monkey puzzle] 20/10/2020 08:58

Did it very easily on my I I I account. Completely straightforward.

[onehanded] 20/10/2020 08:57

yes, looks like many just selling MWG and buying DVRG just to avoid the hassle as now DVRG looks at a good SP, though I am aware of the extra selling / buying cost debate.

[tickboo] 20/10/2020 08:55

Same as that. HSBC are execution only and are confused there is no meeting and proxy with resolutions. I have explained it is a transfer of shares. I will give them until the end of the week and hassle them some more.

[katsy] 20/10/2020 08:43

Despite contacting my broker (Well know high street bank) still no corporate action to act on!

[onehanded] 20/10/2020 08:39

im afraid later in Nov as the votes by Nov 3 then the results then a date for merger if agreed, then time for funds to get ready to adjust as all holding accounts will need to be reset... Not very happy really...

[judijudi] 20/10/2020 08:30

Price destroyed by “you know who” and the delays
imho

[monkey puzzle] 20/10/2020 08:30

When is the merger going to finally done and dusted? Is it 3 Nov or later in the month? Seems to be taking a long time now and probably explains the continued share price drift. However, on the positive side not seeing any declarations of selling by those with more than 1% in either MWG or DVRG so guess it's still smaller traders doing the bulk of the selling, shame that MMs seem to be reacting so negatively to such small volumes every day.

[onehanded] 20/10/2020 08:24

without any market news till result of the vote this could easily be back 2p. How the price has been destroyed by the merger taking so long...

[judijudi] 20/10/2020 08:05

Voted yes to the merger

[tickboo] 19/10/2020 16:20

"We work with companies from all around the world, testing cosmetic, skincare and pharmaceutical products. These include the likes of Estée Lauder, Unilever and L'Occitane – and that's just the start of a long list." https://yorkbiotechcampus.com/meet-labskin/

[aylesone] 19/10/2020 11:50

other than that, is it just 51% to vote in favour?

[slicethepie] 19/10/2020 11:24

With the humph still in charge anything could happen, he destroyed mwg resulting in the rescue by tin pot which has made them a fortune.

[aylesone] 19/10/2020 10:59

What could stop the merge?